RNS Number : 4916K
Standard Chartered PLC
12 April 2024
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (A) IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES" OR THE "U.S.") OR TO ANY "U.S. PERSON" AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OTHER THAN A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT OR (B) IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

12 April 2024

STANDARD CHARTERED PLC
 (a public limited company incorporated in England and Wales)

Announcement on the commencement of proceedings in relation to Standard Chartered PLC's 6.409% non-cumulative redeemable preference shares (the "6.409% Preference Shares") represented by American Depositary Shares ("ADSs")

On 27 March 2024, Standard Chartered PLC (the "Company") announced its intention to commence proceedings in the High Court of Justice of England and Wales to seek a binding declaration on the use of an alternative benchmark rate to calculate the dividend rate payable on the 6.409% Preference Shares (the "Proceedings").

In accordance with that announcement, the Company has commenced the Proceedings in the Financial List and will request that the Proceedings be heard on an expedited basis.

The Company has provided the holders of the ADSs with additional information about the Proceedings, which is available on the Company's website at https://www.sc.com/en/investors/credit-ratings-fixed-income/capital-securities-in-issue/. The Company invites the holders of the ADSs to notify it using the contact details provided below if they intend to participate in the Proceedings.

The Company does not, at this stage, intend to comment further on the Proceedings.

Debt Investor Relations
Email: Investor.Relations@sc.com

Tel: +44 207 885 8888

 

Debt Capital Markets
 Email: Primary.Debt@sc.com / SCBCapitalMarketsNotice@sc.com

Tel: +44 207 885 8888

 

Group Media Relations
Shaun Gamble
Email: shaun.gamble@sc.com

Tel: +44 7766 443 662

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